Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I mean FMF is kinda right, if you completely ignore facts.

INR pre Brexit vote was about 99 Rupees to the Pound, today it is somewhere around 91.5.

CNY pre Brexit was about 9.7 to the Pound, today it is about 8.8.

So apart from the 10% drop versus those currencies mentioned, FMF is completely correct.

The profits were not made pre BREXIT, they were made post BREXIT, look at both 1 & 2 year graphs. Currency has not increased profits by 10% & the profitability is way higher than 10% to give him his 7 million. Basically you can ignore the currency changes.

Even you could be a millionaire, invest 100 a month for 40 years with 12% compound growth, instead you lease new cars it's your choice.